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Market News

Celestia (TIA) Soars, Retail Investors Outshine Venture Capitalists

The focus was first on venture capitalists who claimed an incredible 1887 times return in just 2.5 years.

Written By:
Jalpa Bhavsar

Last updated: February 5, 2024 3:01 PM
Published February 5, 2024 3:01 PM
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Last updated: February 5, 2024 3:01 PM
Published February 5, 2024 3:01 PM
Celestia (TIA) Soars, Retail Investors Outshine Venture Capitalists

The native cryptocurrency of the Celestia Network, Celestia (TIA), has made enormous gains that have shocked the digital currency community. Today’s roughly 8% increase in Celestia’s price increased investors’ earnings.

Celestia Seed Round Investors Were Not The Most Profitable ❌

Yes, you heard it right.

In the past few days, there has been data circulating around TIA and how its seed round investors made 1887x returns in just 2.5 years.

But there was one group of people who made even more… pic.twitter.com/pG7ZJpFYYb

— Wise Advice (@wiseadvicesumit) February 5, 2024

The investors from Celestia’s seed round were overshadowed by an unexpected group: the retail investors. The focus was first on venture capitalists, who claimed an incredible 1887-times return in just 2.5 years following a $1.5 million total fundraising round.4

The true winners, striking the cryptocurrency world like lightning while all of this was going on, were the people who were eligible for the TIA airdrop in November 2023. 

Individual investors who bought as few as $75 worth of Cosmos (ATOM) or Osmosis (OSMO) tokens were eligible for the Celestia airdrop.

Those who joined the project at such a tiny risk went on to receive awards worth four figures by airdrop. Upon inspection, people who were given a $2000 TIA airdrop back then are now confronted with a value that has unexpectedly increased to $16,000.

This exponential increase results in an unlimited return on investment in addition to a phenomenal one. Furthermore, these individual investors’ total returns were increased by the recent Celestia price increase.

Furthermore, it’s critical to remember that they held onto their staked OSMO and ATOM tokens and made exactly “zero” investments to achieve historically high gains.

Celestia saw about an 8% increase and reached new highs during the trading session today. As of this writing, the price of TIA has increased by 5.33% to $17.89, as per the CoinMarketCap data. At the same time, Celestia’s market value was $2.90 billion. In addition, TIA’s 24-hour trading volume increased by 40.01% to $50.30 million.

The Celestia cryptocurrency recovered from a low of $16.85 to a high of $18.23 during the upswing. The crypto is nearing its all-time high of $20.36 while still trading 10% lower. 

Also Read: Top 5 Weekly Altcoin Losers: SATS, Sei, ORDI, Bonk, TIA -25%

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.

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